PRAYAGRAJ, June 29 -- The land circle rates are set to be revised, with a survey currently underway, officials said.

According to reports, not only area specifications but also the facilities provided in a housing colony or high-rise apartment will be a factor in determining the new circle rates.

According to AIG (Stamp) Rakesh Chandra, a survey is being conducted before the new circle rates are finalised. "We are trying to reduce the difference between circle rate and market price so that people can get a full loan at the market price of an apartment," he added.

The new factor would mean that an apartment with premium facilities would attract a higher circle rate. The local registrar's office has adopted the Ghaziabad model to fix the...